diff --git a/misc/blog.gnupg.org/20170904-financial-results-2016.org b/misc/blog.gnupg.org/20170904-financial-results-2016.org index 358b031..d44ca9b 100644 --- a/misc/blog.gnupg.org/20170904-financial-results-2016.org +++ b/misc/blog.gnupg.org/20170904-financial-results-2016.org @@ -1,120 +1,120 @@ # Financial Results for 2015 #+STARTUP: showall #+AUTHOR: Werner #+DATE: September 4, 2017 #+Keywords: ** Financial Results for 2016 Having prepared the annual accounts for g10^code GmbH, the legal entity employing some of the GnuPG hackers, I can now share a financial report. Please read on if you are interested in how we earned and spent the money from donations and paid projects. *** Balance Sheet as of 2016-12-31 Let us start by looking at the balance sheet, which describes our financial status. The following table shows the actual [[file:data/g10code-bilanz-2016-pub.pdf][balance sheet]] with a few accounts pooled up. Note that for display purposes all values have been rounded to a full Euro, and thus there are minor mismatches in the Sums row. | | | | | | | | Asset | (2015) | Liability | (2015) | |---------------------------+--------+----------+-----------+----------| | Tangible assets | 4722 | (3880) | | | | Stock of goods | 0 | (0) | | | | Cash balance | 154 | (360) | | | | Bank balance KSD | 282163 | (207453) | | | | PayPal and others balance | 7001 | (3842) | | | | Accounts receivable | 10702 | (4774) | | | | Accounts receivable other | 150 | (497) | | | | Common capital stock | | | 25000 | (25000) | | Loss carried forward | 0 | (0) | | | | Profit carried forward | | | 126688 | (11338) | | Net profit | | | 98958 | (115350) | | Shareholder loans | | | 0 | (0) | | Accounts payable | | | 323 | (0) | | Accounts payable other | | | 53850 | (27974) | | GnuPG development fund | | | 72 | (72) | | Provision for taxes | | | 0 | (41070) | |---------------------------+--------+----------+-----------+----------| | Sums | 304891 | (220804) | 304891 | (220804) | The /Bank balance KSD/ is the money that we had at the end of the year in our accounts at the local savings bank. The /PayPal/ row gives the amount of money in the PayPal account and as several prepaid accounts. From the /Common capital stock/ of 25000 Euro 50% are held by Walter Koch and 50% by Werner Koch, the owners of g10^code. The /Net profit/ gained in 2015 is added to /Profit carried forward/. The /Accounts payable other/ is my profit sharing bonus of 24739 and VAT payable for the last quarter. The /GnuPG development fund/ is the rest of a campaign which collected prize money for the GnuPG logo. *** Profit and Loss from 2016-01-01 to 2016-12-31 Now let us see how much money we earned and how we spent it. The following table shows the actual [[file:data/g10code-bilanz-2016-pub.pdf][profit and loss sheet]] with a few accounts pooled up. As above, the values have again been rounded to the nearest Euro. | | | | | | | | Debit | (2015) | Credit | (2015) | |--------------------------+--------+----------+--------+----------| | Revenues | | | 351689 | (57251) | | Revenues from donations | | | 9342 | (283538) | | Revenues other | | | 3607 | (218) | | Salaries | 133776 | (108719) | | | | Social insurance | 29756 | (18060) | | | | Contractors | 44700 | (33165) | | | | Write-offs | 1571 | (1532) | | | | Connectivity and hosting | 2259 | (2012) | | | | Rents | 2769 | (2681) | | | | Interest expenses | 1 | (550) | | | | Travel expenses | 2359 | (3499) | | | | Other expenses | 6064 | (5169) | | | | Donations | 1873 | (5100) | | | | Taxes | 40551 | (45171) | | | | Net profit | 98958 | (115350) | | | |--------------------------+--------+----------+--------+----------| | Sums | 364639 | (341007) | 364639 | (341007) | # Other expenses are: # | Fachliteratur | 637 | 634 | # | Stromkosten | 477 | 452 | # | Bürokosten | | 432 | # | Porto | 12 | 29 | # | Bankkosten | 809 | 577 | # | Werbekosten | 386 | 1111 | # | Beiträge | 128 | 128 | # | Instandsetzungskosten | 366 | | # | Konferenzkosten |2599 | 919 | # | Rechtskosten | 312 | 433 | # | Sonstige Kosten | 209 | 320 | # | Forderungsverluste | 129 | 134 | The major /Revenues/ items are grants from the Linux Foundation (54,219 €), Facebook (44,715 €), Stripe (47,824 €), and from these paid projects: Gpg4VS-NfD (79,800 €), Gpg4All (48,000 €), and EasyGPG (65,000 €). The /Rents/ are for the room used as an office in my house. /Other expenses/ sums up money spent for magazines, power, office supplies, advertising, conference fees, legal costs, etc. Donations have been given to [[https://netzpolitik.org][Netzpolitik.org]], [[http://www.freundeskreis-fluechtlinge-erkrath.de/][Freundeskreis für Flüchtlinge in Erkrath]], [[https://wikimedia.de][Wikimedia]], and the [[https://freie-software.de][Freie Software Freunde]]. As with almost all software development companies, the majority of expenses are staff costs. Not counting taxes, which depend on the - the annual profit, we had total costs of 225,000 € with 207,000 € + annual profit, we had total costs of 225,000 € with 207,000 € spent on /Salaries/, /Social insurance/, and /Contractors/. My share of this were 47,400 € regular salary (of which I need to pay social insurances fully myself) plus a profit sharing bonus of - 24700 €. We made quite some profit last years due to the good + 24,700 €. We made quite some profit last years due to the good revenue situation and because one of our employees substantially reduced his working hours to finish his PhD.